Sichuan Yahua Industrial Group Co.Ltd(002497) (002497. SZ) released the annual performance express of 2021 and the performance forecast of the first quarter of 2022 on February 21. According to the announcement, the company realized a net profit attributable to shareholders of listed companies of about 925 million yuan in 2021, with a year-on-year increase of 185.5%; In the first quarter of 2022, the net profit attributable to the shareholders of the listed company was about 900 million yuan to 1.2 billion yuan, an increase of 1053.67% to 1438.22% over the same period of last year, exceeding that of last year.
Sichuan Yahua Industrial Group Co.Ltd(002497) its main business includes civil explosion business and lithium business, as well as transportation and other businesses. Among them, the company’s civil explosive business mainly includes the production and sales of civil explosive products and engineering blasting services. The production and sales of civil explosive products are the company’s traditional industries, and the main products include industrial explosives, industrial detonators and industrial cables. The lithium business of the company mainly focuses on the R & D, production and sales of deep-processing lithium products. The main products include battery grade lithium hydroxide, battery grade lithium carbonate and other lithium products, which are widely used in new energy, medicine, new materials and other fields.
net profit in 2021 increased by 185.50% year-on-year
According to the performance express, the company achieved an operating revenue of about 5.233 billion yuan in 2021, a year-on-year increase of 60.99%; The net profit attributable to the shareholders of the listed company was about 925 million yuan, a year-on-year increase of 185.5%; After deducting non recurring profits and losses, the net profit attributable to shareholders of listed companies was 905 million yuan, with a year-on-year increase of 202.71%; The basic earnings per share was 0.805 yuan, a year-on-year increase of 139.37%.
Sichuan Yahua Industrial Group Co.Ltd(002497) said that in 2021, the prosperity of the lithium industry continued to improve, new energy vehicles developed rapidly, the demand for lithium products continued to grow, and the price of lithium salt continued to rise and hit a record high. The company gave full play to its own advantages and developed the dual main industries of civil explosion and lithium industry, with obvious growth trend of lithium business.
The main reasons for the increase of the company’s performance are: in terms of lithium business, the company seizes the opportunity to fully release production capacity, formulates marketing strategies for the market with strong demand, and improves product profit margin; Effectively control operating costs and enhance profitability through continuous measures such as process technology improvement and internal control; The business of civil explosives grew steadily, responded to the rise of raw and auxiliary materials through centralized procurement, continued to control internal costs, and the performance of civil explosives continued to grow.
According to the announcement, in 2021, the company’s total assets increased by 9.083 billion yuan compared with the beginning of the reporting period, with a year-on-year increase of 30.57%, mainly due to the significant increase in operating performance caused by the increase of the company’s income scale, and the increase of lithium material inventory storage in order to ensure the supply and demand of products in the lithium industry.
the net profit of in the first quarter of this is expected to exceed 2021 the whole year
The forecast shows that from January 1, 2022 to March 31, 2022, the company is expected to realize a net profit attributable to the shareholders of the listed company of about 900 million yuan to 1.2 billion yuan, an increase of 1053.67% to 1438.22% over the same period of the previous year; The net profit after deducting non recurring profit and loss is 894 million yuan to 1.194 billion yuan; The basic earnings per share ranged from 0.7809 yuan to 1.0412 yuan.
As for the main reason for the substantial growth of the company’s performance in the first quarter of 2022 compared with the same period of last year, Sichuan Yahua Industrial Group Co.Ltd(002497) said that during the reporting period, the company’s civil explosive business continued to make progress while maintaining stability and the performance increased steadily; The demand of lithium industry continues to rise, and the price of lithium salt products continues to rise. The company seizes the opportunity to release production capacity and increase sales. The sales volume of lithium salt products has gradually increased, and the profit of lithium business has increased significantly.
On February 22, Sichuan Yahua Industrial Group Co.Ltd(002497) closed at 32.49 yuan / share, up 9.99%.
